Toast Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	273	19	-246	-275	-487	-248
Depreciation & Amortization	59	44	32	24	8	18
Other Amortization	96	82	62	44	43	24
Asset Writedown & Restructuring Costs	5	7	15	-	-	-
Stock-Based Compensation	246	253	277	228	140	86
Provision & Write-off of Bad Debts	86	70	64	34	4	-
Other Operating Activities	19	33	-10	-82	283	23
Change in Accounts Receivable	-38	-72	-3	-35	-23	-13
Change in Inventory	2	-	-7	-68	-23	-4
Change in Accounts Payable	17	5	1	-11	15	-6
Change in Unearned Revenue	6	23	-5	-11	-2	-8
Change in Other Net Operating Assets	-157	-104	-45	-4	44	3
Operating Cash Flow	614	360	135	-156	2	-125
Operating Cash Flow Growth	101.31%	166.67%	-	-	-	-
Capital Expenditures	-50	-54	-42	-33	-19	-28
Cash Acquisitions	-	-	-9	-46	-26	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-8
Investment in Securities	15	15	-32	-19	-459	-
Other Investing Activities	-	-	-3	-	1	-
Investing Cash Flow	-35	-39	-86	-98	-503	-36
Long-Term Debt Issued	-	-	-	-	-	195
Long-Term Debt Repaid	-	-	-	-	-245	-9
Net Debt Issued (Repaid)	-	-	-	-	-245	186
Issuance of Common Stock	93	99	36	15	984	3
Repurchase of Common Stock	-54	-56	-	-	-	-
Other Financing Activities	42	-25	27	23	20	4
Financing Cash Flow	81	18	63	38	759	594
Foreign Exchange Rate Adjustments	1	-1	-	-	-1	2
Net Cash Flow	661	338	112	-216	257	435
Free Cash Flow	564	306	93	-189	-17	-153
Free Cash Flow Growth	122.92%	229.03%	-	-	-	-
Free Cash Flow Margin	9.63%	6.17%	2.41%	-6.92%	-1.00%	-18.59%
Free Cash Flow Per Share	0.90	0.52	0.17	-0.37	-0.06	-0.77
Cash Interest Paid	-	-	-	-	-	5
Cash Income Tax Paid	3	3	2	1	-	-
Levered Free Cash Flow	574.5	403.88	268.38	8	90	-60.37
Unlevered Free Cash Flow	574.5	403.88	268.38	8	97.5	-52.87
Change in Working Capital	-170	-148	-59	-129	11	-28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.